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Thursday, August 25, 2011

How will you use what you’ve learned?




It is true that we learn something everyday? When writing a business plan, sometimes it might not be as easy to duplicate or display. Experts like Dave Lavinsky and Robert Kiyosaki both have years of experience at their prospective positions. They both have created business where they sale their expertise to the public.

As you may remember from the prior post, Lavinsky’s support the theory that there are five key attributes of a winning Business plan: (1) The Right Over all Proposition, (2) The Right Marketing and Sale Strategy (3) The Right Business Model (4) Action Plan Built from Reverse Engineering Success and (5) the plan is communicated Brilliantly.


Kiyosaki feels that financial literacy, knowing how to invest, and understanding the market are all key to having an successful business plan. Some of this expertise only comes from trying and failing. It is critical to you know how to research viable material and be informed. Sometime the way to learn a lesson is through trying it for yourself. There are no guarantees in business and they will not they come because you build it.

Every business is different; so all aspects of the advice that you may receive should be tailor for you through prior research strategy. If your market is the Orlando area, you want first give customer want they what? It is important to find if there is a need for artist manager in Orlando? Where do you want to be in five years? Find out where you would like to be and work backward from there.

For example, if the objective is to be the largest artist management company in Orlando in five years, it important to who is the largest now and how you will dominate or take over the market. Are you providing something cheaper, do you provide some unique or plentiful?

It is critical to use the right marketing and sale strategy by simplifying your target market. It will be important to define markets best for the objective and the budget that fits it. It is also vital to have the ability to communicate your plan and benefits successfully. There may be different way you communicate depending on the potential audience that you are entertaining. It is more important communicate so people can understand you at every level you target.

Friday, August 5, 2011

What the Experts say: Business Plans

Is there a right or wrong way to create a business plan? If so, who are the experts that can guide you through the way? Why is it important to have a business plan? There are many experts with knowledge of business plans. Two experts that have words of wisdom on business plan writing are Dave Lavinsky and Robert Kiyosaki. Dave Lavinsky has a MBA from the Anderson School of Management located at UCLA. Lavinsky attended the University of Virginia where he earned his bachelor’s degree.

Dave experience consists of professional management counsel, research experience, and market consulting. He is the co founder of Growthink and has managed over 150 clients while at Growthink. Growthink is a company that makes business plan and work the business plan to assist client in their business ventures. There are five key attributes of a winning Business plan: (1) The Right Over all Proposition, (2) The Right Marketing and Sale Strategy (3) The Right Business Model (4) Action Plan Built from Reverse Engineering Success and (5) the plan is communicated Brilliantly.

Robert Kiyosaki is an investor that was born in Hilo, Hawaii in 1947. Robert is also a business man, motivational speaker, and author. Robert is mostly known for this book Rich Dad Poor Dad. He has two other books Rich Dad’s cash flow Quadrant and Rich dad’s Guide to investing, which have been part of the top ten best seller list.

Robert feel that financial literacy, knowing how to invest, and understanding the market are all key to having an successful business plan. It is his opinion that most people do not know the difference between assets and liabilities. If you buy an item that takes money from your cash flow system and lead to expense then it is a liability. There are many ways to construct a plan, whether you are guided by a top ten selling author or a business plan building expert, it is vital to know the importance of your business plan.